tradingkey.logo
tradingkey.logo

Kremlin says Russia not seeking to undermine US business in CPC oil group

ReutersMar 27, 2026 10:00 AM
  • Some Russian experts want CPC oil blocked over US sanctions
  • CPC includes major US shareholders Chevron and ExxonMobil
  • Kremlin: Russia remains a reliable guarantor of energy transit

- Russia is not seeking to undermine U.S. business interests in the Caspian Pipeline Consortium (CPC), Kremlin spokesman Dmitry Peskov said on Friday.

He was responding to a question about comments by several Russian experts, including on state TV, that Russia should ban oil supplies via the CPC from Kazakhstan in response to Washington's sanctions against Russia.

CPC, in which U.S. oil majors Chevron CVX.N and ExxonMobil XOM.N are large shareholders, exports its oil from a Russian terminal on the Black Sea.

"In addition to American partners, there are also our Kazakh partners involved, and Russia remains a reliable guarantor of global energy security, despite everything," Peskov told a daily conference call with reporters.

CPC, whose terminal is located near Russia's Black Sea port of Novorossiysk, was targeted by Ukrainian drones and has had to scale back its operations due to the attacks.

Peskov accused Ukraine of "energy blackmail" over the strikes, which he said were causing Russian, U.S. and Kazakh companies to suffer.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Tradingkey

Recommended Articles

Tradingkey
KeyAI